Below is the Quote on IT Sector By Mr. Jyoti Roy – DVP- Equity Strategist, Angel Broking Ltd
“The mid quarter guidance upgrade by HCL Tech led to..
The company reported standalone net profit of Rs 45.61 crore for the quarter ended June 30, 2020 as compared to Rs 0.34 crore in the same period last year, registering a ..
* IT sector continue with its outperformance as the IT index continues to form higher peak and higher trough in all time frame.
* The share p..
Organic revenue dips led by Covid challenges…
Mastek’s revenues increased 12.1% QoQ (in CC terms) and by 9.7% QoQ (in reported terms) to US$50.8 million...
The company reported standalone net loss during the quarter stood at Rs 21.09 crore compared to net profit of Rs 3.46 crore in the previous year quarter.
Growth optionalities priced in
We downgrade Dixon Technologies (Dixon) from BUY to HOLD based on 40x (unchanged) FY22E PAT of Rs2.2bn. Post the 128% rally in the stoc..
Technical Trading Idea
* TCS consolidated around its strong support near to 2222 zones and started moving northwards. Major trend of the stock is positive and hold of ..
Recovery factored in
We maintain REDUCE on Persistent Systems, despite its strong 1Q performance, as current valuations (at 16x FY22E vs. 14x 5-yr average) amply fact..
The company reported standalone net profit of Rs 0.98 crore for the quarter ended June 30, 2020 as compared to Rs 3.97 crore in the same period last year, registering a y..
The company reported standalone net loss during the quarter stood at Rs 9.93 crore as compared to net loss of Rs 0.72 crore in the previous year quarter. Net revenue of t..
The company reported standalone net loss during the quarter stood at Rs 11.13 crore as compared to net loss of Rs 1.43 crore in the previous year quarter. Net revenue of ..
Q1 misses estimates; valuations expensive
* Coforge’s June’20-quarter results missed expectations with a 6.8% QoQ decline in cc revenue and EBIT margins f..
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